How Blockchain Technology Can Become The Catalyst For Global Financial Inclusion — An In-Depth Analysis of The ACU Token

Providing access to financing is a tall order — both on a regional and global macro perspective. From regulatory hurdles to bureaucratic roadblocks, there are very limited options for the average citizen to access available funds without going through long and arduous processes. In many parts of the world, strict policies and the delay in releasing money to SMEs with exorbitant interest rates are simply killing off any chances of small businesses surviving lest they have their own abundance of wealth to manage their resources.

While there has been progress toward financial inclusion, significant challenges remain. Below is an excerpt from The World Bank:

“More than 200 million formal and informal micro, small and medium-sized enterprises (MSMEs) in emerging economies lack adequate financing to thrive and grow.

MSMEs cite a lack of collateral and credit history, and business informality as main reasons for not having an account.”

In other words, small business owners struggle to grow and keep afloat because of the lack of financial resources available on-the-go. On a wider outlook on things, there is a definite opportunity to bring together various solutions in place…